Markets have recovered from the mid-morning lows and the
indices are almost flat in early afternoon trades. Asian
markets have come off their highs and some of them have
slipped into the red while Europe has opened with modest
is trading lower by 6 points at 11700 at 01.10 PM.
is now trading lower by just one point at 3425.
stocks continue to be weak in afternoon trades. SAIL is
now the worst performer with losses of more than 2 per
cent. Tata Steel is now down more than 1.5 per cent.
the smaller steel stocks, JSW Steel has lost over 4 per
other metal stocks, Nalco is down more than a per cent
while Hindalco is trading nearly 0.5 per cent lower.
Tele has lost ground in afternoon trades and is now down
more than 2 per cent.
utility stocks have also drifted downwards. Reliance Energy
is now down more than 1.5 per cent and Tata Power has
lost over a per cent.
Airtel and Gail India continue to trade with losses of
over a per cent each.
Honda and Tata Tea are the other losers among index stocks.
marketing stocks continue to rule very firm. BPCL is now
the best performer among index stocks with gains of more
than 4 per cent. BPCL has added more than 3.5 per cent.
stocks have gained further with both Tata Motors and Maruti
trading with gains of around a per cent each. M&M
has gained over 0.5 per cent.
is holding on to its gains of over 1.5 per cent. Dr Reddy's
is still up a per cent.
continues to trade with gains of a per cent while OBC
is up nearly a per cent.
Computer and HCL Tech are also holding on to gains of
over 0.5 per cent each.
and small caps have also recovered from their lows. The
NSE mid-cap index is now trading with gains of nearly
0.1 per cent. BSE mid-cap index is down 0.1 per cent and
small-cap index is down close to 0.25 per cent. Market
breadth on the NSE is negative with more than 1.5 stocks
declining for every advancing stock.
Electronics, Jaybharat Maruti, BIL, Excel Industries,
Exide Industries, RPG Cables, Rana Sugars, KEC Infrastructure
and SIL are among the major mid-cap gainers.
India, Petron Engineering, Swaraj Engines, GMR Industries,
Khaitan Limited and Hindustan Sanitary are the major mid-cap